When You Toss Your Spare Quarters into a Jar So

question 521

Multiple Choice

When you toss your spare quarters into a jar so you can use them later at the laundromat, you are using money in its function as a

• A) medium of exchange.
• B) unit of account.
• C) store of value.
• D) record keeping device.

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Definitions:

Sampling Technique

A method used in statistics for selecting a subset of individuals from a population to estimate characteristics of the whole population.

External Validity

The extent to which the findings of a study can be generalized to other situations, populations, or time periods.

Confirmation Bias

An inclination to look for, comprehend, prioritize, and bring to mind details in a way that affirms someone's preconceived notions or assumptions.

Premonitions

A feeling or intuition of a future event, especially one of significant importance, without a rational basis.